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Far behind on 1st mortgage, current on 2nd (CAlifornia)

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Pete1969 Guest	Posted: Tue Jun 01, 2010 4:13 pm    Post subject: Far behind on 1st mortgage, current on 2nd (CAlifornia) Like 0 Dislike 0 Hello and thanks in advance. I am 8 months behind(Minus 2 partial payments on my first in the past 2 months)on my 1st mortgage and current(No lates)on my 2nd. I tried to do a loan modification but it didnt happen(On the first). I am trying to get back on my feet and start paying the first again, but my question is, can they repossess my home if I am late on 1st payments but current on my 1nd mortgage? I live in California. Thanks again. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Tue Jun 01, 2010 8:39 pm    Post subject: Like 0 Dislike 0 Hi Pete, The first lender has the rights to recover his dues if you do not pay it on time. In order to do that, the lender can repossesses the property though you are current on your second mortgage payments. The second mortgage will remain subordinate to your first one and thus the first lender will have greater rights to collect his dues. Thanks

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